Analyze prospect theory

The Psychology of Decision Making Under Uncertainty: How do individuals make decisions in uncertain and ambiguous situations, and what cognitive biases, heuristics, and decision-making shortcuts influence judgment and choice? Analyze prospect theory, framing effects, and bounded rationality to understand factors shaping decision-making processes. Discuss implications for decision support systems, behavioral economics interventions, and policy-making aimed at promoting informed decision-making and mitigating biases.